Martin Kuro
👤 SpeakerAppearances Over Time
Podcast Appearances
No, lower than that.
So we raised some non-dilutive financing in that round.
So that's equity plus some debt.
In France, you can have access to loans even pre-revenue.
Are these grants from the government?
It's not grants.
It is a loan.
So you do have to pay it back.
But it's a loan that's specifically tailored for very early stage companies.
Well, interestingly, the cost has tripled since we raised.
Yeah.
It's a lot more expensive now.
It's a floating rate?
Yeah.
We got a fixed rate locked in, but now we're looking to raise some more because obviously now we have revenues.
We're trying to extend our runway and raise a bit more of non-dilutive in addition to the equity that we already raised.
Oh, I see.
And the cost has gone up quite dramatically.
Yeah, it is.
I think it's six now.